L3Harris Technologies operates as an international communications and information technology company worldwide. The company operates through RF Communications, Integrated Network Solutions, and Government Communications Systems segments. The company was founded in 1916 and is based in Melbourne, Florida.
LHX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for L3Harris Technologies Inc. To summarize, we found that L3Harris Technologies Inc ranked in the 54th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 39.33%. The most interesting components of our discounted cash flow analysis for L3Harris Technologies Inc ended up being:
The company's balance sheet shows it gets 83% of its capital from equity, and 17% of its capital from debt. Its equity weight surpasses that of 64.72% of free cash flow generating stocks in the Industrials sector.
L3Harris Technologies Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 24.93% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of L3Harris Technologies Inc? See KBR, CODI, CR, EBF, and WNS.
L3Harris Technologies (LHX) to lead a team to help transform US Air Force’s flight simulator training used to help develop highly skilled air crews.The team includes CAE USA, CymSTAR, Dell Technologies (DELL) and Leidos (LDOS).The team will support the Air Force’s Simulators Common Architecture Requirements and Standards or SCARS program and will help the Air Force develop a set of common...
L3Harris (LHX +0.6%) is entering the missile systems training space with its first contract, a deal to design and field training capabilities for the Air Force's Ground Based Strategic Deterrent program. During the engineering, manufacturing and development phase, L3Harris will lead system and software design for at least eight different...
L3Harris Technologies, Inc. (NYSE:LHX) reported second quarter 2020 revenue of $4.4 billion, up 138% and flat versus prior-year GAAP and pro forma1, respectively, and up 2.3% on an organic2 basis. Net income was $278 million, up 4% and down 33% versus prior-year GAAP and pro forma, respectively. Adjusted EBIT3 was $810 million, up 9% versus prior-year adjusted pro forma, and margin increased 150 basis points (bps) to 18.2%. GAAP EPS was $1.30, down 41% and 29% versus prior-year GAAP and pro forma, respectively. Non-GAAP EPS3 was $2.83, up 13% versus prior-year adjusted pro forma.